Daily Briefing Current Affairs

Institutions Built to Replace an Order Rarely Escape It

Ahead of India's hosting of the 18th BRICS Summit, commentators have revived a proposal for an International Institute for Regulatory Development (IIRD) to govern AI, financial and climate risk from a Global South vantage point, arguing that existing bodies like the Financial Stability Board leave fast-growing emerging economies out of technology standard-setting. The proposal comes as separate analysis shows BRICS's own…